Title
AN ORDINANCE AMENDING TITLE 2, ADMINISTRATION, CHAPTER 10, DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT, SUBSECTION 2, CITY OF NEWARK MUNICIPAL EMPLOYEES HOUSING ASSISTANCE PROGRAM OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, TO INCREASE THE GRANT AMOUNT FROM $5,000.00 TO $10,000.00.
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WHEREAS, the City of Newark (the "City"), has found that Municipal Employees, who reside in Newark are much more likely to be genuinely concerned about the welfare of the City than those who reside elsewhere, and by residing within the City in which they are employed, are thereby contributing to the revitalization of the City; and
WHEREAS, Section 2:24-1 of the City of Newark Administrative Code requires that Municipal Employees reside within the City limits; and
WHEREAS, the City of Newark in order to allow the Director of the Department of Economic and Housing Development (the "Department") to enter into contracts, execute deeds and other related documents to provide grants to Newark Municipal Employees incentivizing the purchase of market rate housing adopted Ordinance 6S&Fj on November 17, 1997, authorizing the establishment of the City of Newark Municipal Employees Housing Assistance Program (the "City of Newark Municipal Employees Housing Assistance Program"); and
WHEREAS, the Municipal Council adopted Ordinance 6S&Fc on August 5, 1998, which amended Ordinance 6S&Fj by extending the provision of grants to municipal employees who purchase housing at a Municipal auction; and
WHEREAS, consistent with the goals and objectives of the of the City of Newark Municipal Employees Housing Assistance Program, the City acting through the Department of Economic and Housing Development wishes to continue to provide municipal employees with incentives in the form of financial assistance for homeownership; and
WHEREAS, the City finds that the City of Newark Municipal Employees H...
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